OPEC ready to extend Vienna agreement without Russia's support

After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.

• Jun 30, 2020OPEC and Russia likely to ease output cuts in August – Reuters — Octa+3.0%
• Mar 6, 2020Russia ‘playing with fire’ as OPEC+ talks collapse | OPEC | Al Jazeera-36.6%
• Jul 15, 2020OPEC agrees to ease oil output cut to 7.7 mbpd in Aug.+3.2%
• Feb 1, 2026OPEC+ agrees to keep oil output unchanged-3.1%
• Mar 8, 2020Saudi Arabia slashes April oil selling prices as OPEC+ fails to extend output curbs-27.3%

After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.

• Jun 30, 2020OPEC and Russia likely to ease output cuts in August – Reuters — Octa+2.3%
• Mar 6, 2020Russia ‘playing with fire’ as OPEC+ talks collapse | OPEC | Al Jazeera-31.3%
• Jul 15, 2020OPEC agrees to ease oil output cut to 7.7 mbpd in Aug.+3.8%
• Feb 1, 2026OPEC+ agrees to keep oil output unchanged-1.6%
• Mar 8, 2020Saudi Arabia slashes April oil selling prices as OPEC+ fails to extend output curbs-23.0%